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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?


To: Arthur Radley who wrote (9363)4/20/2010 8:51:00 PM
From: Patrick Slevin1 Recommendation  Respond to of 20435
 
Not all that brave, it's a hedged position.

Had some May 240 Calls left over because the stock finished weak today. Then went out before the Earnings.

240 Calls cost 12 bucks, the Stock was 258. So for every two Calls I sold 100 AAPL. Presuming that I'll be able to level the position after the Options Market opens in the morning.

Sounds braver than it actually is---